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Somany Ceramics to sell entire stake in Acer Granito
Jan-15-2025

Somany Ceramics is planning to sell its equity stake in Acer Granito (AGPL), an associate company of the company. The company is holding 26.05% of the total paid-up capital of AGPL and it has decided to sell its entire stake/investment in the equity shares of AGPL (Proposed Transaction). Consequently, AGPL will cease to be the company's associate company after the disinvestment. 

Consideration received from such sale/disposal is Rs 10.55 crore. The proposed sale is expected to be completed within 15 months from the execution of the share purchase agreement. The Board of Directors of the company, in its meeting held on January 15, 2025 has decided the same. 

Somany Ceramics is in the business of manufacturing and trading of tiles, Sanitaryware and Bath Fittings.


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